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WhereDaily News: Amur Helicopter Financial Services Announces Completion of Major Fleet Transaction With Bristow Group Inc.
WHITE PLAINS, NY--(Marketwired - Feb 26, 2014) - Amur Helicopter Financial Services (Amur HFS) is pleased to announce that the company has entered into an agreement to complete a major fleet transaction with Bristow Group Inc. The transaction involves purchasing the entire Bristow fleet of twenty-eight (28) Bell 206-L4 helicopters. As part of completing this transaction, Amur HFS provided short-term operating leases to Bristow for several aircraft still required under customer contracts in the Gulf of Mexico. Bristow may extend these leases as needed to meet its customer obligations. In addition, several of the aircraft will be delivered to and purchased by Amur HFS in the 4th quarter of 2014 when they come off their current contract with Bristow. This combination of direct purchase, sale/leaseback and forward purchase commitment demonstrates Amur HFS' flexibility in structuring transactions to meet its clients' needs.
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